Navios Maritime Acquisition (NNA) Reports In-Line Q1 Loss; Declares $0.05 Qtr. Dividend; 5.1% Yield

May 5, 2011 6:45 AM EDT
Navios Maritime Acquisition Corp. (NYSE: NNA) reported Q1 loss of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $25.13 million versus the consensus estimate of $25.93 million.

Navios's Board of Directors of Navios Acquisition declared a quarterly cash dividend for the first quarter of 2011 of $0.05 per share of common stock, $0.20 annualized.

The dividend is payable on July 6, 2011 to stockholders of record as of June 15, 2011, with an ex-dividend date of June 13, 2011.

Yield on the dividend is 5.1 percent.


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